India: Air carrier IndiGo’s $482m initial public offering subscribed fully on Day 2

India: Air carrier IndiGo’s $482m initial public offering subscribed fully on Day 2

Only 5% of the IndiGo shares set aside for individual retail investors and 2% of those set aside for employees were subscribed, according to the exchange data. Photo: Mint

The Rs.3,130 crore ($482 million) initial public offering (IPO) of InterGlobe Aviation Ltd, owner of India’s largest and most profitable airline IndiGo, was subscribed fully on Wednesday, the second day of share sale.

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